Business Loan Raichur

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Why us?

No Collateral Required
Loans Up to 1 Crore
Hassle-free Disbursal
Doorstep Service
Unbiased Experts Advice

Best Banks for Business Loan in Raichur

Feature
HDFC Bank
ICICI Bank
Bajaj Finance
Interest Rate
10.75% - 17%
11.25% - 18.5%
12%
Min Loan Amt
Metro : 75000 & Non Metro: 50000
50000
100000
Max Loan Amt
50 Lacs
50 Lacs
1 Cr
Loan Tenure
1 - 5 Years
1 - 5 Years
1 - 5 Years
Processing Fee
0.25% - 2% of the Loan Amt

1% - 2.5% of the Loan Amt

0.5% - 2% of the Loan Amt
Preclosure Charges
2%, Nil foreclosure charges after 12 months
2%, Nil foreclosure charges after 24 months
Nil
Overdraft Facility
No
No
Yes

Business Loan in Raichur Features

Business Loan Raichur

Finance is the most important element of any business enterprise. It is the easiest and fastest way to grow up your business in the market. Taking a Business Loan Raichur can help you develop your dream business and bring you to new heights of success. This type of loan helps you expand the roots of your business in the whole industry, encouraging you to invest more, development of infrastructure and various other requirements at the business site.

Dialabank, the first financial helpline, is an NBFC working on very low rate of interest model of Business Loan Raichur and various other cities of India. We serve as a genuine medium for helping you enjoy a good command over several business processes give you a way to money-making with simple processing of documents and no security terms.

We would be pleasured to have you as a partner for your business to help it enjoy good fame in the industry.

Business Loan in Raichur Interest Rates

Bank
Processing Fee
Prepayment Charges
HDFC Bank Personal Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 3 months
Axis Bank Personal Loan
0.50% to 1.50%
Nil
ICICI Bank Personal Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 9 months
SBI Personal Loan
500/- to 0.50%
Nil
Kotak Personal Loan
1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Personal Loan
Nil
Nil
Muthoot Personal Loan
Nil
Nil
Manappauram Personal Loan
Nil
Nil
PNB Personal Loan
0.70% to 1%
Nil
Canara Bank Personal Loan
1%
Nil
Andhra Bank Personal Loan
Nil
Nil

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

Business Loan in Raichur Documents Required

Salaried Customers:

  • PAN Card Copy
  • Residence Proof (Rental/ Owned) 
  • Two Passport-sized photos
  • Identity Verification Proof 
  • Payslips of the last three months
  • Bank statements for the previous six months

Self-Employed Customers:

  • Aadhar Card Copy
  • Residence Verification Proof (Aadhar Card/ Driving License)
  • Two passport-sized photos
  • Financial documents (Balance Sheet, Profit and Loss Statement and Income Tax Return files).
  • PAN Card Copy

Business Loan in Raichur Eligibility Criteria

Salaried Applicants

  • The work position of the candidate should be stated while applying.
  • The minimum income of INR 25,000 per month of the applicant is required.
  • The minimum age of twenty-one years and a maximum of sixty years.
  • The minimum job experience of three years and salary to be received in the applicant’s account.
  • Excellent credit history of the candidate is required.

Self-Employed Applicants

  • The CIBIL/ credit score should be clean with no debt or dues pending.
  • The yearly earnings of the candidate should be minimum Rs 2.5 lakhs.
  • The minimum age of the person should be 25 years when applying for the loan.
  • The complete documentation process requires financial and bank statements for the past three months.
  • A file of Income Tax Records for the last three years is required when applying for the loan.
  • The business should be in operation from the past three years continuously.

How to Apply for Business Loan Raichur?

  1. Visit the website of Dialabank.
  2. Go to the loan section and click on Business Loan.
  3. Fill in details appearing on the form as per your respective city.

For further information contact 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Raichur

Every Bank and NBFC charges a fee for processing your Business loan Raichur request. Processing Fees charged by the Bank or NBFCs on Business Loan Raichur is up to 2.50% of the loan amount.

If you close your loan before the accepted loan tenure in the documents, every lending company charges you a penal prepayment fee for the loan period agreed beforehand. In most cases, you cannot settle your loan before 12 months from the date of availing the loan. Post that the charges also vary depending on how many years the credit has done. The Prepayment charges are mentioned below:

  • 07-24 Months – 4% of Principal Outstanding
  • 25-36 Months – 3% of Principal Outstanding
  • >36 Months – 2% of Principal Outstanding

Business Loan EMI Calculator Raichur

Business Loan Raichur Contact Number

Contact 9878981166 for instant help and approval to your Business Loan Raichur.

Pre Calculated EMI Table for Business Loan Raichur

Rate
5 Yrs
4 Yrs
3 Yrs
10.50%
2149
2560
3250
11.00%
2174
2584
3273
11.50%
2199
2608
3297
12.00%
2224
2633
3321
12.50%
2249
2658
3345
13.00%
2275
2682
3369
13.50%
2300
2707
3393
14.00%
2326
2732
3417
14.50%
2352
2757
3442
15.00%
2378
2783
3466

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